![]() Lankey said significant benefits have been negotiated into the agreement for Edison to provide improved service to residential and business customers. “If we decided to sell, we would have lost too much control,” he said. ![]() Lankey said township officials discussed three options to either maintain, lease or sell the operation and maintenance of the water and sewer systems in the township. The mayor announced the new partnership during Edison’s 28th annual State of the Township Address, held on Feb. ![]() “This agreement will allow Edison to retain ownership of these systems, but also provide significant financial benefits for our community,” Lankey said, adding Suez has agreed to make unprecedented and sorely needed capital improvements to the township’s water and wastewater systems. Fast forward five years, the focal point on infrastructure has reached a proposed $811.3 million new public-private partnership – long-term 40-year lease agreement – with Suez North America, a Paramus-based water and wastewater company.
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